The following information is available for Beauvalon Inc. for the preparation of its September 30, 2020, financial statements:

Income before taxes		$379,640
Income tax expense		$63,400
Other comprehensive income (loss)		$(11,800)
Earnings per share		$1.894
Dividends declared, common		$41,000
Dividends declared, preferred		$13,200
Retained earnings, October 1, 2019		$1,456,100
Accumulated other comprehensive income, October 1, 2019		$43,500
Share capital, common shares, October 1, 2019		$3,000,000
Share capital, preferred shares, October 1, 2019		$510,000

Beauvalon did not issue or buy back any shares during the year.

Prepare the shareholders equity section of the statement of financial position as at September 30, 2020. (Hint: Identify which accounts will appear in the equity section and then calculate the year-end balances in those accounts.)

Shareholders equity, September 30, 2020:
Current AssetsCurrent LiabilitiesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesNet Income / (Loss)Property, Plant and EquipmentShare CapitalShareholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Shareholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal Share CapitalTotal Shareholders' Equity
		$
Current AssetsCurrent LiabilitiesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesNet Income / (Loss)Property, Plant and EquipmentShare CapitalShareholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Shareholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal Share CapitalTotal Shareholders' Equity				$
Current AssetsCurrent LiabilitiesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesNet Income / (Loss)Property, Plant and EquipmentShare CapitalShareholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Shareholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal Share CapitalTotal Shareholders' Equity				$

How many common shares does Beauvalon have outstanding?

Common shares

shares